After Apple tipped its hand on Tuesday and revealed it will unveil its new iCloud service next week, Wall Street analysts believe the company has set the stage for a strong software-focused Worldwide Developers Conference keynote.

Apple is once again predicted to exceed expectations in its upcoming quarterly earnings call, with one analyst forecasting sales of 7 million iPads and 17 million iPhones in the second quarter of fiscal 2011.

Wall Street analysts reacted positively to Apple's unveiling of the iPad 2 on Wednesday and remained optimistic about the company's continued ability to lead the tablet market, though they viewed the refresh as mostly "evolutionary."

Commenting on Nokia's recent announcement that it will abandon its Symbian mobile operating system on smartphones in favor of Microsoft's Windows Phone OS, one analyst claimed that Apple could stand to benefit from the transition.

Though U.S. markets were closed on Monday, overseas trading gave an indication of how investors might react to Steve Jobs' absence from Apple come Tuesday. In addition, analysts on Wall Street offered their take on the news.

Though a slew of "iPad killers" were introduced at last week's Consumer Electronics Show, none of those tablets are expected to unseat Apple's iPad as the top-selling device, numerous Wall Street analysts said Monday.

Financial experts at the Royal Bank of Canada are out with a bullish report on Apple friday, saying they expect the company to report next week a blowout quarter in which sales exceeded $20 billion and include the sale of a record 13.5 million iPhones.

Struggles between Verizon and Apple are a sign that a deal to bring the iPhone to Verizon's network may never happen, even once the carrier's high-speed 4G network is established, one Wall Street analyst has said.

A new analysis has found that resolving the much publicized iPhone 4 antenna issues could cost Apple up to $900 million, and each additional week that Apple takes to resolve the issue could add another $200 million as sales increase.

AT&T's removal of unlimited data plans for new iPhone customers hurts Apple's iPhone, despite the lower prices, and helps competitor Research in Motion's line of BlackBerry handsets, one prominent analyst believes.